Natural gas markets gapped higher at the open on Wednesday, slamming into the $3.25 level. This is obviously very bullish sign, but at this point it’s
Natural gas markets gapped higher at the open on Wednesday, slamming into the $3.25 level. This is obviously very bullish sign, but at this point it’s impossible to get involved in the market to the long side as you would be chasing the trade. Pullbacks will be needed in order to keep the momentum higher, and I think that’s what were about to see. Typically, markets will try to fill gaps, so I would expect significant selling sooner rather than later, but would look at that as a potential buying opportunity based upon support.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
